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with the u.s. energy revolution, aring if to help us this year on the economy. let's bring in our ace investors, david goldman, former head of income grout at bank of america and michael farr, author of "restoring our american dream, the best investment. abigail doolittle, the investors killed it after hours. >> i think what's going on is an important inflexion point. we had another earnings miss, another guide down. this once superstar amongst the text stock has been falling for a few months. i think traders answered vestors were waiting for this report to see what the future with look like. unfortunately it's not as bright as some might have hoped for and that's now showing up in the stock. >> is there an offset here? google did very well today and revenue was very good. apple versus google consideration apple stop this rally? i don't think so but i want to get your take on this. what does it mean apple is doing badly? is it an apple thing, an economy thing or consumer thing or what? >> i think that's a great question. i think right now i tend to agree with you. i think investors wi
with energy independence. chevron for that one. and then for entertainment. you're going to want more entertainment and i think disney is a great way to do that. boeing and caterpillar, but i didn't. i think jpmorgan, chevron, and disney are my picks in the dow. >> i want to get back to why you didn't chose those in a second. but peter, let's talk about your picks and where the stocks will be in terms of riding this market in the next five to six years. how do you see the broad landscape of the markets and the sectors? >> you know, broad landscape, i think appreciation of 5% to 7% per year plus a 2% yield over the period of time would be very acceptable to me. obviously it's not going to be a straight line. three picks, i would go with companies like proctor and gamble, johnson & johnson and chevron as well. counting on a growing emerging middle class worldwide. personal care products. people are going to be brushing their teeth. they're going to be taking their medicines and more of them will be driving cars over the next six years. i would shy away from the banks. jpmorgan and bank
are looking at this very seriously. >> you mentioned energy. people have talked about energy and shale and fracking before, but not like this year. you were there about a year in advance. your sense of how quickly this will happen? i will tell you, it's not built into the market at all. >> i think it's right not to be built into the market. one of the things that i wrote about in my book last year that i think it will kind of be overoptimistic about what the implications of the revolutions could be. could the united states be energy independent? that would be fantastic. but there are so many effects that people don't factor in. >> are you a believer, by the way, that oil could go down to $30 or $40 a barrel? >> no. no. >> somebody last night was making that observation. >> i do not believe that that is the case. in the past, i've woshgdz closely in oil and gas and i think those people are missing the structural implications. we're living in vary unique position. this is vary unique time in the history of the world in terms of population. the population pressure themselves i think will
of these rail cars as another way to play the north american energy renaissance, one of my top ten themes for 2013. on tuesday morning, kansas city southern -- okay, that was last quarter. i know, off a very small base. and they said that twice off a small base. it is worth noting. they're doing a lot of frac too. mostly due to the increase in crude oil traffic coming from the bakken and canadian oil fields. last week when we heard from general electric, they told us the locomotive business was on fire with orders for hundreds of locomotives up from the year before. not only are we seeing more rail cars, but increase in the number of trains. first of all, you need to know that this is an incredibly cyclical industry. from 2006 to 2009, the rail car biz saw an 89% decline. that was suffering catfish era. they have been coming back, roaring back with a vengeance. >> buy, buy, buy! >> but industry backlogs are still about 30% below their 2006 peak. so we've got room here. however, if the economy falls through the floor again, listen, there's nothing you can do. rail cars get hammered, they a
first energy. not being facetious it is becoming a utility. >> i believe you. >> do you win you over on that? >> absolutely. all you needed to say. >> i feel better now. no being facetious. >> in everybody's computers it is in the wrong computers. i keep waiting for skype to be mon tides. keep waiting xbox, very good product, but there's no needle move, we don't have -- you need -- you know, you need cloud. they have minor cloud. you need social. they have a minor social. someone has to buy twitter. >> speaking of clouds. >> what? >> i was going to make my keen sense for the obvious, apple is almost going to lose to exxon mobile as the largest market cap company, how far it has fallen. i think exxonmobil 415, like to keep track of the numbers. sorry, carl. >> rate of exxon? >> not so hot. >> 600 billion, man. you just can't -- once you breach that. >> large numbers. we took people to task what do you mean large numbers? they are still growing, et cetera, et cetera. here we are. >> just went through microsoft's multiple, now starting to talk about -- >> got to remember that. people st
a doubt. let me say one. leadership in this market is coming from a very interesting place, energy. take a look at the xle, the top performing sector on the s&p since the first day of trading. look at the individual names and then look at some of the smaller names within energy, not just exxon and chevron. there is tremendous strength in those charts, and that's actually a very positive sign. it's a cyclical area, and you want to see leadership come from there, so i'm happy to see it and i'm actually pretty bullish on the group in general. >> energy has been an important leader for this market the last couple of years. >> sure has. >> folks, thank you. we'll see how this market responds in the final hour of trading and what it may mean for the future. we'll talk to you all later, thank you. >> indeed. we have been pairi iparing some early session gains. matter thompson, break it all down for us. the big movers, including a stunning move from netflix, right? >> reporter: netflix is really a standout in a market that's turned mixed today. the markets can't move above the key 1,500 mark and
in this country in part because you do have a great source of energy, right? american energy is playing right into timken's hands. >> well, in the united states, we have a good energy supply, but more than that, the change in the energy markets is creating a great opportunity for us. the growth of a domestic natural gas market -- drilling market, domestic fraccing market is creating a great opportunity for timken products. and that's part of what's driving our profitability. >> now, after i saw you and spent some time in your plant and with your terrific people. i came to understand that timken, sorry for using this word, but it's a wholistic experience. doing a lot of terrific products and there's some guy who buys a lot of stock and says we ought to break up timken, tell me if you think i'm wrong, but i think that the parts are actually augmented by the whole, not worth more than the whole. >> yeah, there's no question about that. we leverage the synergies between all parts of our business to create value. in fact, just this quarter, we started delivering on a major contract with one of the
to become energy self-sufficient north america. but let's face it, one of the most bullish tenants of the turn in the united states is cheap energy in the form of big oil finds. and about the lowest natural gas prices in the world. i can say, sure, flaring's a nightmare, or i could say could you imagine the number of jobs this will create down the road? remember, every day around here we get companies making moves to bring out value. how many times have we urged hess to break itself up and focus on the incredible oil and gas properties? today they did just that. caused the stock to roar $3.50, 6% on the news. this stock is not done going up. no, not at all. we understand some of this move might be motivated by a hedge fund. they would want some board seats, i say who cares. i just like the newfound value which, again, is not done being brought out. we've got the same thing going on over at transocean, symbol r.i.g. where carl icahn, yes, the one who accused our own scott wapner of bullying, he's brought up a 5.6% stay, he's agitating for a $4 dividend. it's not done. finally there'
the energy demand and energy supply and infrastructure deficit is there. and you know, we see, you know, doubling of energy demand over the next decade. and that's going to continue fueling the name for -- >> you see that sort of energy demand then. how are you reacting in terms of what your investment strategy is going to be, your production strategy? >> we've been in asia for just over 40 years. and leighton is one of the few companies with a full economic footprint off of asia. we continue to export services where we can extract value. we're excited about the opportunities we see, especially in countries such as indonesia. >> just talk about australia. we heard inflation, a little weaker than expected today. mr. swann from rbc says there's potentially room to cut rates. do you think they need to? what's your view of the economy? >> i think the big issue for us that we're seeing affecting a lot of businesses is the strong australian dollar. and i think companies need to adjust to a new norm of having a stronger dollar and what does that mean and how can we make ourselves sustainable.
-- not a fancy new title, but you're the under secretary of state for economic growth, energy, and the environment. that changed a year ago? >> yes, we tried to pull these together. increasingly what happens in the economy has an impact on the environment. environmental issues and energy issues are increasingly intertwined. >> always big in davos. and david cameron, it has an impact on the global economy if this were to go forward. the chances of it going forward i think are small. he has to get re-elected in 2015 to propose the up or down vote in 2017. it does put a cloud over the u.k. and e.u. a bit. >> the u.s. view has been not to get involved in u.s. politics. the u.s. view is that -- involved in u.k. politics. the u.s. view that a strong u.k. and e.u. is good for the u.k., for europe and the united states. we'll let the brits sort out their politics internally. that overall view is one we've been thinking. >> this f they were to cede -- if they were to cede, what would that mean? >> i think it's not wise to speculate about what would happen if certain eventualities were
valuation in terms of its pe. energy has traded well. halliburton earnings this morning were fantastic. oil services are going to do very well with crude oil in the 90s. >> final thoughts ennis? >> i just say apple is going to be a process. so i would give yourself a little room. >> all right. good discussion guys. very important topic there. we're waiting to see who when all is said and done is the most valued company in the world right now. it is between those two right now by far. coming up much more on the investors taking a bite out of apple stock. we'll hear from somebody who says shares are too cheap to pass up. he is like steve cortez in that regard. >> indeed he is. we're counting down with 30 minutes to go before the final trades are in for the week. in fact we're moving a little higher from where we last checked the dow. currently up by 56 points and in fact sitting at the best january so far since 1994. >> what were you doing -- well we'll talk about that later. the on air throwdown everyone is ta still talking about. bill ackman versus carl icahn. >> this is not an honest guy.
kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to this "kudlow report." we're all used to financial titans squaring off but it's usually in a board room, not a cable television. a long standing grudge between bill ackman and icahn turned into a slug fest. and bobby jindal said the republican party needs to grow up and start being the stupid party. >> the fbi reports they are investigating senator bob menendez on accusations he purchased prostitutes and attended sex parties in the dominican republic. he has rejected this party for months and much of this story frankly is still unconfirmed. joining to us explain the allegations and the newly surfaced evidence, executive editor at "the daily caller." what is the new evidence that has emerged? >> about 36 hours ago we received a cache of documents, about 58 pages of e-mai
, major explorer, major producer of energy. and now you're seeing how much that's worth, which is a lot more than been kept back by refineries. very smart move. i congratulate them. the stock is going much higher, in my opinion. >> bob is here with more on what is moving this morning. >> hey, guys. happy monday. good to be back. i was in san francisco for a week visiting family and friends who were working there. the dotcomers have moved back into san francisco after moving out for a few years. they're moving into areas like the mission. they're pushing back some of the old impoverished section of san francisco. that city is experiencing a renaissance. i spent a whole week there. a lot of optimism in san francisco right now. the s&p obviously over 1,500, first time since 2007. record inflows into stocks, mutual funds in january. records, we've been waiting how long for that? china shanghai index, up 2.4% this morning. now we're at a seven-month high in chinese stocks. european banks, remember last week talking about repaying their ecb loans early. there's reports over the weekend spain
in productivity in the real economy. energy, telecom and the banking system. we have now a strong banking system but is not lending enough, particularly the small and medium sized companies. so this productivity reforms are the focus of economic policy these days. of course, it's a challenging environment. but i think it's something that is quite possible to happen. >> i was looking at some numbers and nearly 1% gdp growth this year is the target for growth in mexico. that's four times the pace of brazil. double the united states. because of that, you're seeing this huge inflow in money and business activity. are those targets accurate? >> yeah. i think this year we should be in the range between 3 1/2 and 4% growth. and it is a good growth rate if you compare it with other countries in the world with some latin countries in the continent. but it's not enough. mexico is still an emerging country. we have a substantial amount of people still in poverty. and we need the to grow faster and at a steady te that's why productivity is so important. and we have fantastic samples of competitive in mexico
beginning to look at the total cost, not just labor costs, but transportation costs, energy costs, political risk costs, all those type of things and they are realizing, hey, maybe manufacturing in the united states isn't so bad after all, and so actually small and mid-cap industrial companies and manufacturing companies, the stocks are doing exceptionally well, and nobody cares. that -- >> anything to stay away from, rich? >> i'd personally stay away from the emerging markets. everybody loves emerging markets. just had massive inflows and record inflows into emerging markets. many of the major emerging markets are caught between inflation and growth. i don't know if anybody saw wholesale food prices in china this morning. they came out much higher than expected. that's exactly the next step here. they are starting to juice up growth and inflation is quickly coming back. that's the problem that you have in india, the problem you have in many of the emerging markets. >> brian, you were nodding your head in agreement he said avoid. >> we tend to stick with the last dance parter too much and st
natural gas and heating oil futures stand is what's happens with the energy department reports tomorrow. we do have the petroleum inventory report as well as natural gas stores report. both of those key to the energy trade in the session ahead. back to you. >> all right. sharon epperson minus an ear piece, apparently, but a good report. thank you very much. >> the winning streak for the equity markets just keeps on going. it's green across the board again for all three major averages in today's session. our own jeff cox points out this is the longest streak since 1990. a bull market with no correction. >> a 10% decline. >> right. >> pullback of some kind. >> jeff worries that the bears have given up, and that could mean soon that things go the other way, but does that -- our panel agree with that? joining us along with jeff our guests. jeff, all is bullish, as we've talked about this. you feel like we're getting a little too complacent about this as we get closer to all-time highs, right? >> yeah, bill. let me point out a couple of things. three things that have me concerned. we talk ab
we'll call those retails. industrials up ever 6% so far. energy up over 6.5%. materials 5.5%. every one of those have economic growth written on them. >> right. the way we got back to the equity market valuation we're at which is the same peak we achieved twice in 2012, it was partially discretionary and financials but it's china, industrials and materials that's through their peak expectations. you have to ask yourself if you have a slow down in consumer demand, china is still incredibly export leveraged. we have very difficult time interpreting china data -- >> tax hikes are in. people know about the tax hikes and still buying these cyclical retail house building stocks. they know this and buying. why is that? >> we started out the year and we were going to achieve an escape velocity. by the second quarter we were in a new normal. by summer -- >> people aren't looking for three. you think the market is pricing in at three? you think so. >> 2.5. i got to go. i give the last word. >> there are several warning signs out there from a trading perspective. australian daughter. china doi
starting in eastern texas and oklahoma. this is going to head eastward. a lot of wind energy for this system. a lot of wind damage will be our main concern. we've got the cold, the snow, the record warmth and severe. it's more like late march than january. >> eric, thank you. wow, we were just talking about this gentleman. i've heard of him. the name is familiar. but i can't place a face. house committee paul ryan, how do we know him? he was a nobody that came on squawk and became vice president and now it's squawk who? i go on network now. he was on all the time. >> every day .now he won't -- >> he's coming on soon if you shut up. i love him. please, paul, i guess i'm just hurt. anyway, he says that the automatic spending cuts postponed as part of the fiscal cliff deal will go into effect as scheduled in march. a former vice presidential candidate says the sequester, which would cut $1.2 million in domestic and defense spending over the next two years will happen since democrats haven't offered alternatives to gop proposals. but ryan says no one is tuking about allowing an a
that fill in. energy names. that's clearly where people have been very underweight. and if they're not they're focussed too lightly on it. prices are starting to tick up. people are going to be paying more. >> put up the sectors for the month here. i want to point out it's been a broad based rally. normally you get one to two sectors up. look. how many are up 6% and 7%? not only energy and industrials. these are cyclical names. health care. health care's a defensive name. so you got people who are buying into the -- >> it's a political name now. >> -- and hiding out in a deferencive name. to me there's a lot of room for rotating. deferencive health ca-- >> how much does the data matter? we're going to get a jobs report on friday. how closely are the markets going to be watching that? because the fed factors into that too. >> just like the durable goods number this morning, that will be further confirmation of an improving u.s. economy and will add fuel to the fire. the economic numbers matter tremendously. the global growth story is what the story is. >> sure. but the point is if the data's
, with the amount of cash on the side, with blessings of the energy situation that none of us anticipated but somehow it is just happened. and low interest rates. i think the u.s. environment is very good. >> blankfein says improving outlook for the u.s. and other economies bodes well for goldman sachs long-term prospects. >> the things we do, all the things we do, correlate with growth. we advise people on acquisitions when they have the confidence to acquire things. finance them when they do things. manage risky assets which people only put money in risky assets when they are confident. so i think the economy is growing and i think the cycle is long so i'm optimistic. >> he estimates that as the cycle improves, so should goldman's one of most profitable businesses. a business that's been lackluster recently. >> the conditions are quite right for very low level of interest rates. the fact that industries are consolidating. a lot of opportunities overseas. and i tell you, everybody in his own industry tracks a lot of stuff. we track m & a as a percentage of gdp. it is a much lower level t
, et cetera. but he says think about residential real estate. think about energy, and petrol companies. and we see growth in those areas. but stay away from credit for now. >> kate, lot of ideas there. thank you very much. >>> so john paulson is bullish on housing. one area that is on fire, home renovations. how can investors get in on the action in that sliver of the housing world? diana olick has more. eye, diane. >> hello. in d.c. you have one renovation, another one next door, another one behind that in the alley and pat turn around because behind that dumpster is a third renovation on one street. that means billions of dollars, thousands of new jobs and big boost to stocks that fuel this business. take a look at numbers here. remodeling spending, just by homeowners alone, that is owner occupant hit 2007 peak of $146 billion. only to fall to $110 billion by 2011 according to a new report by the harvard joint center for housing. now it comes back to the 120 range and this doesn't include the $10 billion spent by foreclosure investors rehabbing to rent. jumping 9% last year and poise
figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful br
] what?! quattro!!!!! ♪ barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to the cud lku report. i'm larry kudlow, in this half hour, the inaugural address was filled with his blueprint and no discussion of the connism aecon. later on, will phil mickle son leave california? quickly, my take away from the address yesterday, attempting to break ronald reagan's three decade long policies. i think the president had no entitlement reform or growth proposals and this talk of collectivism, it means that government is becoming the great equalizer. mr. obama seems to want equality of result and i think he's all wrong. let's talk about this. let's bring in art laffer and andrew codd. >> art, he didn't even hardly mention the economy. but you are an economist, how did you read this speech and what does
'll continue to work hard. we think this one is less complex. >> i.c.e. has a lot of commodity products, energy. >> so they've got the energy and commodity futures, we've got the interest rate futures. they don't have an equity business or commercial technology business. there is almost no overlap. so it seems this should be pretty routine, but it's a long process that we have to go through. >> are you going to sell 9 listings business? >> no. >> the nyse brand stays, the i.c.e. brand stays. we intend to sell off the four continental exchanges in europe after the closing the deal. that will be a 2014 event. that's also been very positively received by the regulators. >> you think this deal closes this year? >> end of q-3, hopefully q-4 as well. >> duncan niederauer. >> thank you. >> keep an eye on bright horizons family solutions. opens at $27.75. now going public. strong start. the ceo of the child care services provider will join us at post 9 in a bit. but first -- >>> up next, we let cramer loose. what can we expect from the unchained market maestro? six stocks in 60 seconds when "squawk on
. health care, tech and energy. right. why health care? because the golden days are gone. health care is going to have a tougher road ahead. decent sector but merck's not trying 20 times earnings any time soon. technology, there's revolution under way right and i think as a result you can make a bet on apple, google, et cetera, but there are reasons why they trade where they trade and so the world of 20 times multiples for large cap tech stocks will challenge as well. and energy, oil is at 100 not 20. >> but another revolution in energy too, right? >> but it's a bit of -- there's a lot of volume. not much profit. the market ultimately you can see why some of the sectors that drag multiple down are where they are. doesn't make it bad. but does it make me think that multiples just bottomed out? not so sure about that. >> yeah, you wonder whether you see multiple expansion in either one of those last two. in health care it's hard to -- it's going to be continuous cost pressure and then energy we just saw, climate change is the biggest thing that he talked about yesterday. i mean i wonder
the british pound, is that the best outcome? you can pay more for energy imports, but does that not hurt your competitiveness long-term? and does that undercot some of the vitality of these economies? >> absolutely. and then in the case of japan, it's sending the wrong message that we can go on creating government debt. and while i think that we should send actually the message of the country of that so that we should stick to a policy that is able to reduce bonds, that reduce government debts and then inflation will come once the pressure of government debt is lifted. >> luca, last word, then, are you worried that central banks have lost their independence here as we've come through the financial crisis? >> i'm not worried. i used to work for a central bank and nobody is really worried about this. what worries central bank is to get pressure to something that they cannot achieve because, obviously, this affects their republic ewe tagdz and credibility in something not very nice way. so this is a little bit what is happening to bank of japan. they have been pushing towards something that they
smiles, grins, lots of big energy among the folks who are here. some have come from all over the country and all over the world. we talked to people from as far away as poland here this morning. i can tell you capitalism is alive and well down here on the street. they are selling barack obama everything. we saw scarves, hats, buttons, pins. i will say some of the vendors told us because the crowds are smaller than they were four years ago, they said business is off a little bit from what they had expected because they sold so much merchandise four years ago. but they are very entrepreneurial here on the streets of washington, d.c., and they're moving a lot of goods today as well, tyler. >> all right. let's listen once again. thank you very much. as the brooklyn tabernacle choir concludes "the battle hymn of the republic." the musical selections will take a turn towards more popular performers in our next hour. kelly clarkson, who is known for her sort of anthemic songs and beyonce. >> before that we have james taylor. >> and james taylor "america the beautiful." >> someone i recognize, s
focus on relative strength and the relative strength, health care, energy and industrials. >> all right. ben pace, what about you? we've all watched this market marveling as it goes higher feeling a little bit tired. what do you see going on? >> considering with apple and how much it's gone down. this is a pretty good market. the dow was up quite nicely, not as impacted by apple so i still think that so-called pain trade was up. the market want to continue to move up. we're constructive on the market longer term. you really have to respect these levels and how far it's come and earnings are still growing rather slowly. revenue is still growing rather slowly but still a pretty good environment. >> all right. here we go. the first of the earnings out from microsoft. we were expecting 75 cents. came in at 76 september, beating by a penny. the revenue was expected to be 21.53 billion. we got 21.46, so a little light on that. let's bring in our guests. max wolf from green press capital and david pearl next tomakers executive vice president and co-chief investment officer and jon fortt, anyth
of expectations, and it also said on the call that controversial $9 billion deal for the two energy companies sthash that it will not be put to a shareholder vote and they expect the deal to close in the second quarter. >>> sales of existing homes down in the recent month? what does that say about the health of the housing market now? diana is in washington, d.c. hi. >> tyler, the story is what you are not seeing on this street behind me, that's a for sale sign. home sales are falling because the number of homes for sale are falling. we're now at 1.82 million homes on the market, that's down 22% from a year ago. at the current sales pace, that's a 4.4 month supply. the lowest since may of 2005. in raw numbers we have not seen this few homes for sale in over a decade. 2.7 million borrowers are still underwater on their mortgages, investors have also eaten up most of the distressed properties. and builders, while they are ramping up, they are still at less than half the starts they were during the housing boom that low supply is pushing housing prices up higher than expected and faster than exp
ex office. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >> in 2011, the parents of 11-year-old adam susser, who has cerebral palsy, agreed to work with a 60 minutes investigation of an ecuador-based stem cell laboratory run by dr. dan ecklund. although current stem cell research offers no cure for cerebral palsy, ecklund told the sussers there's a lot that can be done for their son. >> say hello to dr. dan. adam. >> hello, adam. >> can you see him, doc? >> dr. ecklund's only examination of adam came by teleconference. ecklund didn't know we were watching. >> do you think it would help him, you know, make him improve? >> i think it's likely to help him, yes. i would say... 75% chance that it--that he would have a noticeable improvement. >> ecklund proposed four treatments costing a total of $20,000. the sus
returns. he also said he's very positive on the u.s. energy market. that we're seeing quite a turn-around there. he noted that chemicals, petro chemicals, and other energy related stocks may benefit from this recovery. unclear whether he's investing in some of those names. i looked at his last 13 app, i didn't see a ton of presence in that market. but that's several months old. unclear what he's doing at the moment. he's a little less bullish on credit. he thinks we'll see recovery there, in terms of use of credit cards and auto loans around mortgage purchases this year. but his macro outlook, he's not as excited about credit as he is about stocks and housing. >> kate, as you have reported over the last couple of years, mr. paulson's macro call, so to speak, has not been particularly good. his stock picking has really lacked a lot of press. if i'm listening at this point, i'm tempted to say, given his track record over the last couple of years, maybe i should take the other side of that trade. >> when i was tweeting about this talk last night, i got harsh responses from people, inc
've also shut down all their nuclear plants. so they have to import a lot of energy. and if they weaken the currency and energy prices go up, they're really going to kill their economy more. what do you see happening on that issue? i think that's the big issue for japan and the conundrum for them, if you will. >> maybe i can take a quick stab at this. i think if you have a country that has deflation, and inflation seems to me that by definition it means higher prices. and a weak yen means there's going to be higher import choices. but leading to higher domestic choices, as well. i think that's the hope. i don't know if they can deliver on that. the bank of japan and the japanese government are skeptical about how high inflation is going to go this year. i think of all japan's problems that they face right now, high inflation is not one of them. >> okay. i think, you know -- go ahead, carl. >> i think you look back here the past four years in the u.s., we've had a weak dollar and oil prices have gone from almost $40 back in 2009 to nearly $100 this year. so it's all about demand. and tha
we'll have the materials, energy, and industrial sectors and caterpillar one of those to see, really look and see if we'll see in the data what global growth is doing if there is a pickup. we're seeing it in the global pmis pick up. we want to hear from the companies as well. that can be a real dermer if the market rally will continue. >> apart from caterpillar what sectors or names have the potential to disappoint the market? >> i think yahoo has the potential to disappoint. i think facebook has the potential to dispoint. i think a lot of the store names out there that have paltry earnings that are propelled higher on hope this far so far have the potential for profit taking. when you look at the market at this time since second quarter of '09 you've seen roughly 74% of the names at this time report on a positive. right now it's only 69% so you're seeing some names come out with strong numbers. but the market as in the case with apple or citigroup or b.a.c. is really punishing the losers. if you see some people out there who are going to get beat up it'll be some of the low quality
trade. >> energy, exxonmobil, about to take over as leader again. >> mr. weiss? >> did they just give you that trade? tbf. a long tbf which is short 20 years. >> nvidia. a lot of buying in june of this year, 12 strike calls. so six months out. an fast money trade but a long term bullish trade. >> quick check of the s&p 500, dipping just below 1500. after topping that, for the first time since december of 2007, quickly, joe e. >> listen, on long apple, stephanie and i were just talking about it, the large institutional sales will come in this afternoon. >> we will certainly track that the rest of the day on "power lunch." pick up the ball and run with it, my friends on "power." right now. >> second half of the trading day gets under way right now. >> rally on be everybody. dow almost within a hundred point at 14,000. we are at highs not seen since the fall of 2007. not seen. just like manti's girlfriend. s&p back across the 1500 mark for the first time since december of '07. it is within 65 point of its all-time high. there are the industrials. that begs the question, america, is it ti
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developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >> mr. bowen. >> i am very grateful to the commission to be able to give my testimony today. >> the financial crisis inquiry commission thought enough of richard bowen's story to call him as one of its first witnesses, and he turned over more than a thousand pages of documents to the securities and exchange commission. nothing ever came of it. but bowen wasn't the only one to warn citigroup's top officials about its financial weaknesses and breakdowns in the company's internal controls. three months after bowen's email, citigroup's new ceo vikram pandit received a blistering letter from the office of the comptroller of the currency, its chief regulator. it questioned the valuations that citi had placed on its mortgage securities and found internal controls deeply flawed. the letter stated, among other things, that risk
island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> s.e.c. has gotten a bad rap in recent years. the agency was highly criticized for the mishandling of the madoff scandal. now they're trying to use new technology and creating specialized units to combat fraud. our gary kaminsky got rare access inside the asset management unit. >> things are definitely changing for sure. i pent some time with bruce karpati. his unit is responsible for investigating allegations of fraud committed by investment adviser and there are approximately 10,000 advisers overlooking $40 million of assets. he contributed to bring 147 enforcement actions against investment advisers just last year. >> i would imagine a mission statement here is free markets, fair markets. explain to me how the department that you're overseeing puts that mission
supportive policies for green energy. this following the country's recent pollution problems. b shares also scored on hopes that more firms will announce buyback programs at a premium or convert b shares into hong kong listed h shares. elsewhere, the hang seng finished slightly weaker. this after the country's second largest telcomaker issued a profit warning. but do note that its rival posted a 33% jump in profits. the kospi ending slightly lower. the apple mrooi suppliers lost ground ahead of the tech giant's q4 earnings out later this week. the asx 200 ended marginally in the green. shares of national australia bank rose after reports it may get an offer to offload its uk operations. india's sensex ended higher by .25%. back to you. >> sixuan, thank you very much for that. >>> turning now to the u.s., president barack obama began his second term on sunday in a low key inauguration ceremony at the white house. gathered with his family in the blue room, obama put his hand on a family bible to recite the 35-word oath. >> i barack hussein obama solemnly swear. >> that i will faithfully execu
energy on. >> i think the likelihood of a shutdown is less standard than it would have been ten days ago. but i would look at a three-stage process here. the first is tomorrow to deal with the debt ceiling and extend without a number extend the ability of the government to continue to expend until mid-may. then i would look at march 1st sequestration. that is the agreed-to reduction s amounts that the president already agreed to. >> and we've heard what sequestration would to to the government and people? >> not really, but with the nomination of peter, historically he's talked about cuts in defense. if you're going to cut, anyway, then let's get started and what about, too, is happening in the middle east, we'll find out tonight who takes israel, obviously netanyahu is leading the poles now. at the same time, north africa in the news with all of the latest violence at the gas field in algeria. so does this complicate the narrative of wanting to push ahead with sequestration? >> well, the speech yesterday was very short on international affairs. which i found surprising. because we are i
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